HomeMy WebLinkAboutIR 9031INFORMAL REPORT TO CITY COUNCIL MEMBERS
To the Mayor and Members of the City Council
SUBJECT: FY2009 VACATION BUYBACK RESULTS
No. 9031
Date: April 7, 2009
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The purpose of this Informal Report is to provide City Council with background information
regarding Mayor and Council Communication (M &C) reference No. G -16503 (Revised) on today's
agenda. The M &C proposes to amend the FY09 Budget for salary savings related to the Vacation
Buyback program.
Background:
• During FY09 Budget, the City Manager recommended and City Council authorized the
reinstatement of the vacation buyback program.
• The Budget Office worked with Human Resources to determine the maximum program
cost based on employee eligibility.
• Department budgets in the General Fund as well as other operating funds were budgeted
at 75% of the program cost (allowing for past experience where less than 100% of eligible
employees participated).
• The vacation buyback program was offered in November and was completed in
December.
• Although a few departments had all their employees fully participate in the program, overall
the expenditures equated to only 61 % of the total program costs.
• For departments who exceeded their budgets, the amounts were small enough that no
additional appropriations are being recommended.
The actual vacation buyback participation was less than the amount budgeted. The savings in the
General Fund departments is being combined and transferred to Non - Departmental. The savings
will be available to cover any unanticipated cost in the current year or if unneeded, the amount
will be added to the fund balance at the end of year. The General Fund savings is $780,261.00.
For the other funds, it is not anticipated that those savings will be needed and therefore, those
amounts will be transferred to the respective Fund Balances of those funds. The combined
savings for the other funds is $149,130.00.
If you have any questions, please contact Horatio Porter, Budget Officer at 817 - 392 -2379.
City Msnagor
ISSUED BY THE CITY MANAGER FORT WORTH. TEXAS